ʺThe Global Financial Crisis Has Had a Considerable Impact on Chinaʹs

question 85

Multiple Choice

ʺThe global financial crisis has had a considerable impact on Chinaʹs export growth, which will continue to show weakness with recession in the U.S. and Europe,ʺ said a report by JP Morgan & Co.
If Chinese exports continue to decline, the AE curve will shift __________, the price level will__________In the short run and real GDP will__________ in the short run.

• A) downward; decrease; decrease
• B) upward; decrease; not change
• C) upward; decrease; decrease
• D) downward; decrease; not change

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